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US TREASURY DEPARTMENT ACTIONS
US bond yields near 5%: What it could mean for stocks, corporate borrowing and the economyUS 10-year Treasury yields are nearing the 5% mark, raising concerns over the impact of higher borrowing costs on stocks, corporate financi...
Cognizant’s US immigration troubles: From visa lawsuits to latest green-card filing suspensionCognizant’s US immigration practices are back under scrutiny after authorities suspended its employment-based green-card filings amid a fed...
Cognizant’s US green-card filings suspended amid fraud probe: What it means for employeesCognizant’s US green-card labour certification filings have been suspended amid a federal fraud investigation, according to Labor Departmen...
US targets Iran’s aviation sector with sanctions on 27 airlines and foreign firmsThe US Treasury sanctioned 27 Iranian airlines and related foreign firms to curb weapons transport and technology access. Meanwhile, Irania...
US sanctions all remaining Iranian airlines in 'economic D-Day' push, says Tehran's aviation sector is out of the marketThe United States has sanctioned all remaining Iranian airlines and supporting companies. These actions target thirty-six entities for aidi...
Five pressure points to watch as Treasury yields creep toward 5%The US 10-year Treasury yield is nearing 5%, raising concerns over corporate borrowing, stock valuations, government debt, real rates and d...
US Stock Market: Wall Street braces for CPI test as Fed rate-hike bets hang in balanceInvestors are turning their focus to U.S. inflation data due this week, with the August CPI and PPI reports expected to influence expectati...
Iran's Hormuz leverage wanes as US economic squeeze bitesWashington's economic offensive targets Iran after recent conflict and threats. New sanctions and naval blockades are severely impacting Ir...
Wall Street Week Ahead:Investors to pore over inflation data for signals on rate trajectoryInvestors await crucial inflation data next week which may decide the Fed's interest rate move. The S&P 500 index is nearing its record hig...
US nonfarm payrolls surge in August; unemployment rate steady at 4.1%In August, the U.S. experienced remarkable job growth while unemployment rates held firm, indicating an impressive labor market. This uptic...
Trump administration proposes new rules to strip tax-exempt status from schools that consider raceThe Trump administration has proposed new regulations that could strip schools of their tax-exempt status if they offer targeted support to...
Fed's Williams ties rising bond yields to strong economy, CNBC reportsJohn Williams, the President of the New York Fed, emphasizes the impact of robust economic growth on increasing bond yields. He highlights ...
US Stock Market: Higher long-term Treasury yields face structural headwindsLong-term US Treasury yields are likely to remain elevated as persistent inflation concerns, rising government and corporate debt issuance,...
Dollar holds firm as Middle East hostilities lift oilThe dollar rose significantly on Wednesday due to climbing oil prices prompted by renewed conflicts in the Middle East, which rattled globa...
Hormuz will be bypassed in two years: Scott BessentThe Treasury department has taken a more central role in recent weeks in the conflict, with Bessent announcing plans last week to expand sa...
US may announce new Iran bank sanctions this week, next week: Scott BessentUS Treasury Secretary Scott Bessent revealed plans for new sanctions targeting Iran-linked banks soon. The department is also investigating...
Iran launches ballistic missiles at US air bases in Jordan, claims state mediaIran claimed to have launched ballistic missiles at two US air bases in Jordan after American forces struck Larak Island. Iranian media sai...
Global Market: European central bankers leave Jackson Hole uneasy over US policy shiftsEuropean central bankers left the Jackson Hole symposium concerned that recent US Treasury interventions could strain long-standing norms o...
US plans to sanction another bank in effort to clamp down on Iran transactions: Scott BessentUS Treasury Secretary Scott Bessent said the Trump administration will impose sanctions on another bank this week as Washington intensifies...
US issues fresh Iran-related sanctions as war marks six monthsThe United States has imposed additional targeted Iran-related sanctions this week. An Egyptian bank faces limits for conducting business w...